You may have seen various articles and posts online discussing the upcoming $XAI token unlock, with some sources claiming unlock rates as high as 79%. These figures are incorrect.
We are pleased to announce that, ahead of the upcoming unlock, $XAI contributors have agreed to relock their July tokens over a 6-month period. This decision reduces the team’s token release from approximately 85 million to around 17.7 million in July.
The breakdown for the July unlock is as follows:
- Investors: ~72.3 million tokens
- Team: ~17.7 million tokens
- Advisors: ~4.2 million tokens
- DAC: ~5.2 million tokens
- $XAI Foundation: ~8.5 million tokens
In total, approximately 107.9 million tokens will be unlocked in July. This represents a 36% increase in the current circulating supply of XAI, which stands at around 300 million tokens, resulting in about 26% of the new circulating supply. Please note the total supply is 1,473,270,834 tokens, with esXAI not included in the circulating supply as it is non-transferable.
All token allocations will be unlocked daily, rather than in a single monthly event. This approach ensures there will not be any single day with a significant influx of unlocked tokens. We appreciate your ongoing support and understanding.
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